Henry Schein Inc (HSIC)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 10,573,000 | 8,607,000 | 8,481,000 | 7,773,000 | 7,151,100 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $10,573,000K
= 0.00
The debt-to-assets ratio of Henry Schein Inc has consistently been 0.00 for the past five years, indicating that the company has not used debt to finance its assets during this period. This suggests that Henry Schein Inc has been able to fund its operations and investments mainly through equity and retained earnings rather than taking on debt. A consistently low or zero debt-to-assets ratio can reflect strong financial stability, as it demonstrates that the company is not relying heavily on borrowed funds, thus potentially reducing financial risk and interest expenses. However, it is important to consider that a zero debt-to-assets ratio could also imply missed opportunities for leveraging debt financing for potential growth or tax advantages. The company's consistent zero debt-to-assets ratio signifies a conservative approach to capital structure, emphasizing financial prudence and stability in its operations.
Peer comparison
Dec 31, 2023